Can PepsiCo Achieve Its Mid-Teens PBNA Margin Ambition by 2026?

Key Takeaways PBNA posted 2% y/y organic revenue growth despite a volume drag from shifting its case-pack water business.PepsiCo is boosting growth via zero-sugar expansion, functional launches and stronger away-from-home reach.Cost actions, including logistics gains and a 35% SKU reduction, support PepsiCo's margin ambitions.PepsiCo Inc.’s (PEP) flagship U.S.-Canada beverage arm — PepsiCo Beverages North America (“PBNA”) — spans carbonated soft drinks, functional hydration, sports nutrition, modern soda, c ...